Configuring Custom Depreciation Formula

 Administrators

Administrators

Configuring Asset Management Module

Configuring Asset Category Using Form Builder

Configuring My Asset List Page

Custom Scheduler Jobs

Asset Masters

Configuring Location And Store

Configuring Asset Purpose

Configuring Action Attribute

Configuring Fault Type

Configuring Solution Type

Configuring Notifications and Templates

Configuring Allocation Form Template

Configuring Key Field Mapping

Configuring Data Templates

Configuring Field Display Order on Fixed Asset List Page

Software

Software Request Mapping Form

Adding/ Updating Software

License Mapping

Blacklisting Software

Configuring Software Baseline Profiles

Software Baseline Profile Mapping

Configuring Software License

License Key Mapping

Depreciation

Configuring Depreciation Formula

Configuring GAAP Depreciation

Configuring Depreciation Field Mapping

Configuring Custom Depreciation Formula

Mapping

Discovery Mapping

Configuring CMDB Mapping

Procurement Mapping

Account Mapping

Configuring Custom Hardware Variance

Mapping ServiceNow Category

Application Control

Creating and Updating Profile

Mapping Profiles

Configuring Application Control Messages

Configure Software and Executable Execution Type

Viewing Software Process List

Endpoint Compliance

Endpoint Dashboard

Viewing Endpoint Profile List

Configuring Endpoint Profile

Viewing Dynamic Endpoint

Configuring Dynamic Endpoint

Mapping Endpoint Profile

Endpoint Automation

Endpoint Automation Scripts

Endpoint Automation Scheduler

Endpoint Automation Profile Mapping

Patch Management

Viewing Patch List

Creating Asset Groups

Configuring Patches

Others

Configuring Asset Application Settings

Configuring Asset Movement

Configuring Asset Alerts

Configuring Store Threshold

Configuring Asset Scan Domain List

Configuring Local Password Management

Configuring E-mail Notifications

Configuring Asset Integration Details

Configuring Additional Discovery

Scheduling Asset Physical Verification

Configuring Product Price

Adding Software Deployment Profile

Approval Matrix

Configuring Approval Matrix

Configuring Approver Role

Mapping Approver

Deactivation Approval Matrix

Configuring Deactivation Approval Matrix

Configuring Approver

Configuring Location-Wise Approvers

SUMMIT Software Center

In addition to the Down Value Method and Straight Line Method default Depreciation formula (see: Configuring Depreciation Formula), you can also configure Custom Depreciation formula as per the organization's requirements.

To configure Custom Depreciation formula:

  1. Select Asset > Configuration > Depreciation > Depreciation Formula.

  2. On the DEPRECIATION FORMULA page, click ADD NEW on the ACTIONS panel.

  3. On the DEPRECIATION FORMULA page, fill in the new Depreciation details. For more information about the fields on the DEPRECIATION FORMULA page, see Field Description.

  4. Click SUBMIT. A new Depreciation formula is configured.

    DEPRECIATION FORMULA pageFigure:  DEPRECIATION FORMULA page

Field Description

The following table describes the fields on the DEPRECIATION FORMULA page:

Field

Description

DETAILS

Depreciation Method

Displays the selected Depreciation Method.

Formula

Displays the formula for the selected method.

Type

Lists the types of Depreciation supported in the application. Select the Depreciation type from the list.

Default Formula

Select this check box to set the selected Depreciation formula as the default formula.

Active

Indicates the status set for a Depreciation formula.

  • If selected, the Depreciation formula is active.
  • If cleared, the Depreciation formula is inactive.

DEPRECIATION DETAILS

Name

Displays the name of the Asset attribute.

Description

Displays the mandatory elements that are required to calculate the Depreciation value for an Asset.

Type

Displays the description text for the mandatory value.

Value

Displays values for the mandatory elements.

Active

Indicates the status set for a formula. If selected, the Depreciation method is active.

ACTIONS

This section explains all the icons displayed on the ACTIONS panel of the DEPRECIATION FORMULA page.

SHOW LIST

Click SHOW LIST to display the LIST table showing the Depreciation methods.


Figure:  DEPRECIATION page: List of depreciation methods 

  • To update a Depreciation value, click the configured Depreciation Method. Make appropriate changes and click SUBMIT.
  • To display the inactive Depreciation values, click the Include Inactive check box.

    Note:

    When the Depreciation values are displayed under the LIST table, the ADD NEW action is displayed on the ACTIONS panel. Click ADD NEW to configure a Custom Depreciation Method.